The rent prices in real estate in Orange, in the California region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Orange has had a strong fall during the last 6 months. In April, the average price per sq.feet was $11.6. In the following month the price per sq.feet fell to $10.07. The price for the following two months in (June, July) fell 91 % with regard to the previous two months. The price per sq.feet has had a considerable fall of 21 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $10.34 to $2.17 during August, and September.
When referring to the price in Orange (cities), there have hardly been any changes in the last 6 months. The average price for April is $2,558. During May the price had a slight fall till $2,375. During the following two months (June, July) the price has had an average rise from $2,466.5 to $2,661.5. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $2,564 and $2,524 between August and September.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $2,407 they are 17 % more affordable than the average price for Orange . The properties with the highest average price have 4 bedrooms, Their price is 52 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,276.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.92 / sq.feet, with an average $2.15 / sq.feet price in Orange. The properties with the most expensive average prices have 1 bedroom. They are 21 % more expensive than the average followed by properties with 2 bedrooms with a price at $2.22 / sq.feet.
The graph displaying the average rent prices displays the property type "Office" as the most affordable one. At an cost of $2,407 it is 66 % more affordable than the average price in Orange. "Condo" is seen as the second most affordable property type. The most expensive property type is "Townhouse" followed by "House". At a price of $2,477 it is 7 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Office" at an average price of $1.79 / sq.feet followed by "House" priced at $2.37 / sq.feet. "Townhouse" is the most expensive type of property with a $100 / sq.feet value followed by "Condo" with an average price of $64 / sq.feet.